Ethereum Price (ETH) Facing Key Resistance: Can Bulls Overcome $200?

ETH price recovered recently and managed to climb above the $190 resistance against the US Dollar. The price is now trading nicely above the $190 and $192 resistance levels. There is a connecting bullish trend line forming with support near $188 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher, but the $202 resistance is likely to cap the upside. Ethereum price is climbing higher towards key resistances versus the US Dollar, similar to bitcoin. ETH price is likely to face a…

Bitcoin (BTC) Price Approaching Next Crucial Break: $11,500 Holds Key

Bitcoin price is still struggling to gain bullish momentum above the $12,000 resistance against the US Dollar. The price is likely setting up for the next break either above $12,000 or towards $11,500. There is a new contracting triangle forming with resistance near $11,920 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate higher once it clears the key $12,000 resistance level. Bitcoin price is trading in a crucial range below $12,000 against the US Dollar. BTC price could either rally…

Bitcoin Nears $12K as Key Metric Flashes Buy for First Time Since June

Bitcoin (BTC) price was heading back towards $12,000 Aug. 8 as the largest cryptocurrency remains a firm buy, even at higher price levels. Market visualization. Source: Coin360 Bitcoin price bulls forecast further growth Data from Coin360 showed BTC/USD just $80 away from its next barrier, trading around $11,920 as of press time Thursday.  Previously, the pair set a local high of $12,300 before a correction took hold to bring it back to $11,500 — something analysts said they had widely expected.  Bitcoin 7-day price chart. Source: Coin360 Now, momentum appeared…

Bitcoin Price (BTC/USD) Is Holding Uptrend Support But $12K Holds Key

Bitcoin price traded to a new monthly high at $12,333 and corrected lower sharply against the US Dollar. The price is currently climbing higher after it tested the key $11,200 support area. Yesterday’s highlighted key bullish trend line was breached with support near $11,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could revisit the $12,000 resistance, which is now a major breakout zone. Bitcoin price is recovering from $11,200 against the US Dollar. However, BTC price must break the $12,000 resistance to continue…

Ripple Price (XRP) Struggling While Bitcoin Holding Key Uptrend Support

Ripple price traded higher recently above the $0.3250 resistance level against the US dollar. The price topped near the $0.3320 resistance and recently declined heavily below $0.3200. There is a connecting bullish trend line forming with support near $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either bounce back above $0.3200 or it might extend losses below the $0.3150 support. Ripple price is struggling to hold a key support against the US Dollar, while bitcoin is trading with a positive bias. XRP…

Ethereum Price (ETH) Primed For More Gains As Bitcoin Breaks Key Hurdle

ETH price found support near the $210 level and recently climbed higher against the US Dollar. The price broke the $215 resistance and it seems like there could be more gains in the near term. There is a connecting bullish trend line forming with support near $214 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading with a bullish angle and it could even surpass the $220 resistance. Ethereum price is trading with a positive bias versus the US Dollar, and bitcoin rallied above…

US Senate Crypto Hearing Key Takeaways: Blockchain Is ‘Inevitable’

On July 30, the United States Committee on Banking, Housing and Urban Affairs hosted a hearing on cryptocurrencies in a regulatory context. Lawmakers are showing renewed interest in digital currencies against the backdrop of Facebook’s crypto odyssey: This week’s testimony followed two Libra-focused hearings, which were held in Congress earlier in the month. Indeed, while the recent session’s scope was meant to be broader, Libra remained one of the key topics. The main consensus was that the influx of cryptocurrencies and blockchain is inevitable and that the U.S. would prefer…

Bitcoin Price (BTC/USD) Holding Key Support But Lacks Momentum

Bitcoin price is currently consolidating above the key $9,300 support area against the US Dollar. The price is facing a few key resistances near the $9,500, $9,600 and $9,650 levels. There is a connecting bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price start a decent recovery as long as there is no downside break below the $9,300 support. After bearish moves, bitcoin price started consolidating above $9,300 against the US Dollar. However, BTC must gain momentum…

Ethereum Price (ETH) Flirts With Key Resistance Amid Negative Sentiment

ETH price remained supported above the $205 level, but struggled to gain traction against the US Dollar. The price is facing a few key resistances near the $212 and $215 levels. There is a contracting triangle forming with resistance near $211 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either rally above the $215 resistance or it might soon retest the $200 support level. Ethereum price is still facing a strong selling interest versus the US Dollar and bitcoin. ETH price needs to surpass the…

Ripple Price (XRP) Is Facing Key Resistance While Bitcoin Is Correcting

Ripple price retested the $0.3030 support level and recently corrected higher against the US dollar. The price seems to be trading in a range with a strong resistance near the $0.3140 level. There is an expanding triangle forming with resistance near $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could decline again if it continues to struggle near the $0.3140 and $0.3150 resistance levels. Ripple price is facing a lot of key resistances against the US Dollar and bitcoin. XRP price could extend…